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Edexcel A-Level Economics, Theme 1: Market Failure
A summary of: - Negative and positive externalities with diagrams - Merit and demerit goods - Asymmetric information - Information gaps - Public goods
[Show more]A summary of: - Negative and positive externalities with diagrams - Merit and demerit goods - Asymmetric information - Information gaps - Public goods
[Show more]A summary of: 
- characteristics of public goods 
- free rider problem 
- Tragedy of the Commons 
- Advantages & disadvantages of state provision
Preview 1 out of 4 pages
Add to cartA summary of: 
- characteristics of public goods 
- free rider problem 
- Tragedy of the Commons 
- Advantages & disadvantages of state provision
A summary of: 
- Key definitions 
- Negative externalities of production and diagram 
- Positive externalities of consumption and diagram 
- Merit and demerit goods with diagrams 
- Asymmetric information with a diagram 
- Information gaps 
- How economists value externalities
Preview 2 out of 9 pages
Add to cartA summary of: 
- Key definitions 
- Negative externalities of production and diagram 
- Positive externalities of consumption and diagram 
- Merit and demerit goods with diagrams 
- Asymmetric information with a diagram 
- Information gaps 
- How economists value externalities
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